Tuesday, July 15, 2008
News / Chicagoland But that's $0.00 with the magic TIF discount
Posted by Whet Moser on 07.15.08 at 09:21 AM
"The walkway was supposed to cost $4 million and be financed through the Central Loop tax increment financing district. Instead, Walsh will be paid $8.1 million. Walsh was the 'lowest qualified bidder' after a seemingly lower bid was ultimately deemed to be higher."
Also worth noting: Fran Spielman doesn't mess around, either as a reporter or a writer. More on the Central Loop TIF here.
Comments (0)